Petrol prices likely to drop on February 16 – Check new rates

Good news for motorists! Fuel prices in Pakistan are set to decrease on February 15, 2025. According to market reports, the price of high-speed diesel (HSD) will drop by Rs 5 to 7, while petrol prices will reduce by Rs 2 to 4. The new rates will come into effect on February 16.

Currently, the price of high-speed diesel stands at PKR 258.43, while petrol costs PKR 252.10 per liter.

Expected Petrol Prices from Feb 16

After the reduction, the expected new price for high-speed diesel will be around PKR 253.43, and petrol is expected to be PKR 249.10 per liter.

The decrease in fuel prices is mainly due to global market trends. Increased oil production and a decline in crude oil prices have contributed to this reduction.

Read More: Expected petrol prices in Pakistan – February 16

Decisions made by major oil-producing countries to adjust supply have also played a significant role. Additionally, global demand for fuel has decreased due to economic uncertainties, further impacting prices.

Experts believe that future fuel price changes will depend on global economic conditions. More updates are expected in the coming weeks, and prices may fluctuate based on international oil market trends. For now, consumers can enjoy some relief as the revised fuel prices take effect on February 16.

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